Adapting to Digital Disruption: Evaluating Implementation Challenges and Effective Strategies in Nigerian Banking Marketing

This study investigates the landscape of digital marketing strategies in the Nigerian banking industry, with a focus on identifying key strategies, evaluating implementation challenges, and determining effective approaches to enhance marketing performance. A sample of 221 respondents from a population of 654 banking professionals in Delta State provided insights through a structured questionnaire. Thematic analysis and descriptive statistics were employed, with SPSS used as the analytical tool. Findings reveal a diverse range of utilized strategies, including social media, Email Marketing, and Content Marketing, while challenges such as regulatory concerns and technological limitations were identified. Recommendations include investing in digital skills development and prioritizing customer-centric strategies. By adopting these recommendations, banks can overcome implementation challenges and optimize their digital marketing efforts to drive business growth.

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Publication Details

Journal
Journal of Policy and Development Studies
Published
2024-12-12
DOI
https://doi.org/10.4314/jpds.v17i1.12
Citations
2
Primary Topic
Microfinance and Financial Inclusion
Type
article
Field-Weighted Citation Impact
2.26
Controls
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article

Adapting to Digital Disruption: Evaluating Implementation Challenges and Effective Strategies in Nigerian Banking Marketing

Michael Monye, Joyce Osio
2 citations
Journal of Policy and Development Studies
Microfinance and Financial Inclusion
2.26
article

Adapting to Digital Disruption: Evaluating Implementation Challenges and Effective Strategies in Nigerian Banking Marketing

Michael Monye, Joyce Osio
article en
2 citations

Abstract

This study investigates the landscape of digital marketing strategies in the Nigerian banking industry, with a focus on identifying key strategies, evaluating implementation challenges, and determining effective approaches to enhance marketing performance. A sample of 221 respondents from a population of 654 banking professionals in Delta State provided insights through a structured questionnaire. Thematic analysis and descriptive statistics were employed, with SPSS used as the analytical tool. Findings reveal a diverse range of utilized strategies, including social media, Email Marketing, and Content Marketing, while challenges such as regulatory concerns and technological limitations were identified. Recommendations include investing in digital skills development and prioritizing customer-centric strategies. By adopting these recommendations, banks can overcome implementation challenges and optimize their digital marketing efforts to drive business growth.

Journal of Policy and Development StudiesVol. 17(1)
Delta State University (NG), Delta State Polytechnic Ogwashi-Uku (NG), Delta State University (US)
Openalex Percentile: Top 7%
Microfinance and Financial Inclusion
2.26
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